Ulu Canberra? Are the home owners making profit with their Canberra properties?

Canberra? Where? Australia?

It is not surprising if there are not many people who know where Canberra is in Singapore. It is a relatively new town in Singapore, with its first condo development completed in 2013 and its first HDB flat completed in 2016.

Being a new town, or some, in the past, even call it “ghost town.”

Can the private condos there make money?

Digging through the profitable and unprofitable transactions within 1km of the two new launches, The Commodore (launching soon) and The Watergardens at Canberra, here are our findings:

Project	Profitable	Unprofitable	% Profitable Transaction
Yishun Emerald	79	8	91
Yishun Sapphire	227	47	83
D’Banyan (999 yrs)	21	0	100
The Nautical	122	11	92
Canberra Residences	87	11	89
Eight Courtyards	145	6	96
The Sensoria	47	4	92
Seletaris	195	68	74
All Projects	923	155	86

On the whole, 86% of the owners have sold their homes with a profit. 6 out of 8 projects have close to and over 90% of their owners making a profit.

Can make money, but how much? S$1 is also profit ma…

Let’s dig further.

The lowest profit that an owner has made is S$600.

In contrast, the maximum profit made by an owner is a whopping S$868,800.

Surprisingly both owners are from Eight Courtyards.

Project	Min Profit	Max Profit	Avg Profit
Yishun Emerald	8,000	580,000	261,687
Yishun Sapphire	760	684,000	206,005
D’Banyan (999 yrs)	52,000	499,712	206,671
The Nautical	7,500	252,000	95,060
Canberra Residences	1,000	280,740	90,052
Eight Courtyards	600	439,550	152,616
The Sensoria	13,000	868,800	271,760
Seletaris	1,070	830,000	220,842
All Projects	600	868,800	183,825

Most owners make an average of around S$180,000. 6 out of 8 projects have their owners making an average of S$150,000 and more.

Regarding opportunity cost, the owners of the analyzed projects realized an average annualized return of around 3.89%, with the lowest average annualized return at 2.11% by The Nautical and highest at 6.83% by The Sensoria.

Project	Average Annualized Return (%)
Yishun Emerald	2.79
Yishun Sapphire	5.47
D’Banyan (999 yrs)	4.37
The Nautical	2.11
Canberra Residences	2.45
Eight Courtyards	2.30
The Sensoria	6.83
Seletaris	4.84
All Projects	3.89

Based on the above three metrics, with an average of 86% of owners making a profitable transaction, an average profit of around S$180,000, and an average annualized return of 3.89%, Canberra is the upcoming estate that savvy home buyers should not strike off from their list. Furthermore, upcoming transformations around Canberra will further enhance its land value, giving home buyers more reasons to get into Canberra to reap their rewards in the future.

Keen to be one of the owners making a good profit in Canberra?

Check out the two new launches in Canberra – The Commodore (launching soon) and The Watergardens at Canberra; they could be the next home that makes you your pot of gold.

Like to find out the performance of certain projects, write to us at hello@52.221.194.137, we’d be happy to assist you.

Edwin Goh

With his love for numbers and data, Edwin has provided valuable insights to his clients and readers to empower them to make better-informed real estate decisions.

Reach out to Edwin